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Neko Health raises $700M at nearly $7bn and heads to New York

Neko Health, the body-scanning startup from Spotify’s Daniel Ek, has raised $700m and is now worth about $7bn. It is heading to New York, backed by Mark Zuckerberg, Maria Sharapova, and will.i.am. “We’ve gone into markets where health care is free, and hundreds of thousands of people line up in a queue” to pay for […]

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Amazon Leo will launch in South Africa in 2027, beating Starlink in Musk’s homeland

Amazon Leo will launch satellite internet in South Africa in 2027, seemingly beating Elon Musk’s Starlink in his home country. Musk has refused the Black-ownership rules Amazon appears willing to meet. Jeff Bezos is about to beat Elon Musk in Musk’s own back yard. Amazon said on Wednesday it will bring its Amazon Leo satellite […]

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Jensen Huang thanks Sega for the $5m that saved Nvidia from bankruptcy in 1995

Nvidia and Sega go back 30 years. Jensen Huang flew to Tokyo to thank the games maker for a $5m investment that saved his company from bankruptcy in 1995. “If not for what Sega did for Nvidia, Nvidia would not be here today.” That is Jensen Huang, chief executive of the world’s most valuable company, […]

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Lucid’s bankruptcy rumor is a bad sign for the EV future

Lucid Motors found itself in a tough bind this week, fending off bankruptcy rumors and watching its stock price plunge as a result. The company quickly denied the report, calling it “completely false” and pointing to its available free cash flow as evidence that it has enough runway to operate into next year. But despite […]

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Emergent hits a $1.5bn valuation as vibe coding mints another unicorn

Emergent’s vibe coding platform hit a $1.5bn valuation a year after launch. Its founder says most businesses do not need software, they need a way to turn how they work into it. “Most businesses don’t need any software. They need a way to turn how they actually work into software.” That is how Mukund Jha […]

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Chai Discovery raises $400M at $3.8bn as AI drug discovery moves from promise to deployment

Chai Discovery’s $400m raise triples its value to $3.8bn in seven months. It is the latest sign that AI drug discovery has moved from promise to deployment. AI drug discovery just minted another fast-rising star. Chai Discovery has raised a $400m Series C that values the San Francisco startup at $3.8bn, the company said. That […]

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CXMT prices a record $8.5bn Shanghai IPO, valuing China’s memory champion at $85bn

China’s biggest memory chipmaker is about to test the public markets. ChangXin Memory Technologies, known as CXMT, has priced its Shanghai IPO at 8.66 yuan ($1.28) a share, the South China Morning Post reported. The sale will raise about 57.9 billion yuan, or $8.5bn. That would make it the largest listing by a Chinese semiconductor […]

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DeepSeek is preparing an IPO and chasing a $71bn valuation, weeks after its first raise

DeepSeek is getting ready to go public. The Chinese AI lab has started laying the groundwork for an initial public offering, according to Bloomberg. It could file as soon as this year, with a debut targeted for 2027. First, though, it wants to raise more in private. The Hangzhou lab closed its first-ever outside round […]

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ASML plans to build EUV machines 30% faster as AI demand outstrips its production capacity

ASML is working to cut the time it takes to build and test its extreme ultraviolet lithography machines by roughly a third, CFO Roger Dassen told reporters on Wednesday. The cycle time, the period between starting production in ASML’s clean rooms and shipping, was about 22 weeks a few quarters ago. “We’re now looking at […]

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